OPAL Fuels Q2 Adj EPS $(0.12) Down From $0.08 YoY, Sales $55.04M Miss $60.86M Estimate
Portfolio Pulse from saritha@benzinga.com
OPAL Fuels (NASDAQ:OPAL) reported Q2 adjusted EPS of $(0.12), a 250% decrease from $0.08 YoY. The company's quarterly sales were $55.04M, missing the analyst consensus estimate of $60.86M by 9.56%.
August 09, 2023 | 8:46 pm
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NEGATIVE IMPACT
OPAL Fuels reported a significant decrease in Q2 adjusted EPS and missed sales estimates, which could negatively impact the stock price in the short term.
OPAL Fuels reported a 250% decrease in Q2 adjusted EPS from the same period last year and missed the analyst consensus estimate for sales by 9.56%. This underperformance could lead to a decrease in the stock price in the short term as it indicates the company may be facing financial difficulties.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100